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Security Investment Bank Limited’s financial results for the quarter ended March 31, 2012

Date: April 25, 2012 Author: Web Desk Category: Financial Results General Tags: , Short URL Comments: 0

Karachi: We have to inform you that the board of directors of our company in its meeting held at 6th floor, Madina City Mall, Abdullah Haroon road, Karachi on 24 April 2012 at 4:00 pm, recommended the following:

Cash Dividend       Nil
Bonus Shares        Nil
Right Shares        Nil

The financial results of the company are enclosed herewith.

Condensed Interim Profit and Loss Account (Unaudited) for the First Quarter Ended 31 March 2012

Quarter Ended

March 31

March 31

2012

2011

Rupees

Income
Income on financing and placements

6,069,064

2,181,246

Return on investments

13,457,677

11,787,167

Gain on sale of shares

-

6,399,776

Other income

167,024

163,301

———-

———-

19,693,765

20,531,490

Expenditure
Return on deposits and borrowings

13,915,688

9,163,510

Operating expenses

6,831,579

6,003,603

———-

———-

20,747,267

15,167,113

———-

———-

Operating (Loss)/ Profit before tax

(1,053,502)

5,364,377

Provision for taxation

508,328

(156,410)

———-

———-

Net (Loss)/ Profit after tax

(545,174)

5,207,967

———-

———-

Earning per share – basic and diluted

(0.01)

0.10

The annexed notes form an integral part of these condensed interim financial statements.

Muhammad Amin Khatri

Chief financial officer

For more information, Contact:
Security Investment Bank Limited
6th Floor, Uni Towers,
I.I. Chundrigar Road,
Karachi- 74000, Pakistan
Ph: (92-21) 32418410-13
Fax: (92-21) 32418414
E-mail: sibl@sibl.com.pk
Website: www.sibl.com.pk

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